Deployments · Benji Investments · platform by Franklin Templeton

Franklin OnChain U.S. Dollar Short-Term Money Market Fund (sgBENJI)Updated 6 Nov 2026

A Singapore-regulated variable NAV money market fund, a sub-fund of Franklin Templeton Investments VCC, whose shares are recorded on chain as sgBENJI tokens on the XRP Ledger and Stellar. DBS agreed with Franklin Templeton and Ripple to list it on DBS Digital Exchange against the RLUSD stablecoin and to explore lending against it as collateral.

Live (limited) since Oct 2025^[1]i — Accredited and institutional investors; about $75 million on chain and ten holders in October 2026. DBS trading and collateral use not confirmed live. · Reviewed 1d ago i

Assets

Fund interest^[1]

One token per fund share recorded on chain

Networks

XRP Ledger Public, permissionless^[2]

Stellar Public, permissionless^[1]

Use cases i

Primary issuance^[1]Fund subscription and redemption^[1]Repo^[2]

Jurisdictions

Singapore

Participants

• Franklin TempletonPlatform provider, Issuer, Asset manager, Transfer agent or registrar^[2]United States
• DBSDistributor^[2]Singapore
• RippleCash leg provider^[2]United States
• CapBridgeDistributor^[3]Singapore

Assets

• IssuesFranklin OnChain U.S. Dollar Short-Term Money Market Fund A(acc)USD (sgBENJI)^[2]

Metrics i

• $75.33mAssets under management · as of 11 Oct 2026^[1]
  On-chain via rwa.xyz.
• $48.33mAssets on XRP Ledger · as of 11 Oct 2026 · on XRP Ledger^[1]
  On-chain token supply via rwa.xyz; NAV $1.
• $27mAssets on Stellar · as of 11 Oct 2026 · on Stellar^[1]
  On-chain token supply via rwa.xyz; NAV $1.

Timeline

1. Happened 18 Oct 2025 · Launch · recorded 11 Oct 2026
   Token inception date as listed by rwa.xyz.^[1]
2. Happened 18 Sep 2025 · Announcement · recorded 11 Oct 2026
   DBS, Franklin Templeton and Ripple sign an MoU to list sgBENJI on DBS Digital Exchange with RLUSD and explore collateral uses.^[2]

Sources i